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Re: Whether to Pay Off Home Equity Line?

To clarify (GMoney and YDNAL) we are debtfree except for the home equity line on townhouse for $450,000.00 at 2.4% (my 2.2% was an error) and the $550,000 owed on the beach condo at 3.9% with a 30 year fixed mortgage. The 2.4% on the townhouse is only good until the end of September 2013 then it goe...
by jervalaw
Fri May 10, 2013 9:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Whether to Pay Off Home Equity Line?
Replies: 8
Views: 741

Re: Whether to Pay Off Home Equity Line?

The home equity line goes to a 3.9% APR on October 1, 2013.
by jervalaw
Tue May 07, 2013 7:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Whether to Pay Off Home Equity Line?
Replies: 8
Views: 741

Whether to Pay Off Home Equity Line?

Bought townhouse secured by home equity line for $450,000 at 2.2% good for one year then variable. Sold old house and netted about $500,000.00 (basis was $330,000). Also bought beachcondo and have 30 year mortagage at 3.89% with a principal of $550,000.00. My original intent was to pay off home equi...
by jervalaw
Mon May 06, 2013 1:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Whether to Pay Off Home Equity Line?
Replies: 8
Views: 741

Help for 25 year old with $20,000 to invest

My daughter who has no interest in investing has $20,000.00 to invest. I was thinking about some version of a Lazy Portfolio but I was wondering shouldn't she be aggressive at her age?
by jervalaw
Wed Feb 13, 2013 12:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help for 25 year old with $20,000 to invest
Replies: 7
Views: 786

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